A reader John has asked me about how to get the withheld taxes out of the paid dividends back, in my post of “My Dividend Investing ($11775.91 for 2005)”. He said that he has 28% withheld. 28% is a very weird withholding percentage. For all of my stocks, I had 15% withheld for foreign paid …
How can you keep the money in your pocket, if you don’t know how it comes in and how it goes out? Granted, the most painful part about saving money is not to spend it. Deferring immediate gratification for the future takes some real discipline. Having a realistic financial goal in sight with a proper …
I actually started online banking back in 1998/1999 when I first read an article on online banking in BusinessWeek. The article was comparing two internet banks, and I chose to give NetBank a try. NetBank was one of the highest yielding banks in the nation at that time according to www.bankrate.com, and has been so …
Saving = Income – Expense Networth = Asset – Liability Accumulating networth is a process by which one controls the expenses and trickle down the savings into growable assets, while reducing liability. Sounds simple? Yes, it’s easier said than done. But that’s how it always is. If you don’t get a lottery income, or don’t …
Well, I should really qualify the title of this, by not buying the home in a bubble. Whether our current housing market is a bubble or not is debatable. Under normal circumstances however, buying a home is usually your best investment. And the reason is inflation. Historically, housing price tracks inflation fairly well. Since inflation …
Most people when they finally get out of school and start their first job, are so happy with their financial independence and the first paycheck, that they splurge the entire paycheck, if not more. Few people think so far ahead about the next stages in life, of getting married, having a family, and eventually retiring from work. If one doesn’t …
I’m going to use a household wage income of $100K for tabulating this budget, since it’s an easy round number, and it’s also quite close to my salary. I’m estimating taxes that are due to the wage income, using my 2006 tax calculator. item amount comment Mortgage 1270 Homeowner due 165 Includes the insurance for …
